AirMedia initiatees enterprise strategic transformation



AirMedia Group Inc. (Nasdaq: AMCN), an operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers as well as a first-mover in the travel Wi-Fi market, has announced that the company is initiating a strategic transformation from a traditional airport advertising company to an aviation and railway, long-haul bus Internet services company, focusing on providing a full range of diversified service experience and Internet services for passengers of airlines and railways, long-haul bus, the company said.

The company, through its subsidiary AirMedia Online Group, has set up a joint venture, Unicom AirMedia (Beijing) Network Co., Ltd., in April 2017 with China Unicom and another investor, to build a global network for aeronautical communication and provide in-flight Internet and provide other value-added services. This is the first step of the transformation of the company and it is expected to improve the marketization of China´s aviation mobile Internet.

Incorporated in 2007 and headquartered in Beijing, China, AirMedia Group Inc. (AMCN) is an operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers as well as a first-mover in the travel Wi-Fi market. AirMedia sells advertisements on the routes operated by several Chinese airlines and at Sinopec´s service stations in China. AirMedia also has concession rights to operate the Wi-Fi systems on trains administered by eight railway administrative bureaus in China as well as on many long-haul buses in China. For more information, visit http://www.airmedia.net.cn.